This support line should hold, otherwise we will see another hard drop.
Comment:
In the above chart, I have counted the drop as ABC. It could also be a 1,2,3,4,5 of Wave A. That means, we would see at least a B wave to the upside (300-500$), followed by another strong selloff. What do you think? Or are we just fooled be crypto and it goes to zero?
Comment:
There you go :)
Comment:
If 117 USD holds, we could see a substantial move to the upside. If not, we could see a retest of 85 USD. My preferred scenario is a large move to the upside.